Chukwudi Motanya
S Corp Vs LLC. Which one is better? Is there a Difference?
Hi BP,Is there a major difference between LLC and S Corp? I just heard advice that If I am a solo investor, I would need to be registered as a S Corp instead of an LLC. Does this advice have merit? I am a Buy and Hold...
Mark Gingrass
Help filing SS-4
I am trying to start an S-Corp and have a few questions.
My very first step in the process is to fill out an SS-4
Question 1.
"Legal name of entity (or individual) for whom the EIN is being requested"
For this, sh...
Dowan Allen
Real estate corporation Canada
Recently spoke with a lawyer. Starting a basic holding corporation documents is about $500. Any know how much the accounting cost is for beginning real estate corporation acquiring2 properties this year??
Stephanie Choi
LLC VS S-CORP - which is better for BRRR
My boyfriend and I just closed on our condo and are now looking to purchase property purely as investments. Our plan is to utilize the BRRR strategy for our next couple of purchases. Would it be better to create an L...
Michael Gayer Jr
LLC owning other LLC's - How many Filings?
A Tax Question : I have a Wyoming LLC that owns 2 Hawaii LLC's. Wyoming "parent" LLC is an S-Corporation. For Federal Taxes ... Do I just file for the Wyoming LLC? No need for pass-through Hawaii LLC's?I am filing...
Doug Frisch
Requirements for having an LLC taxed as a C Corp?
Hi,I've set up an LLC in Wyoming and I'm wondering what needs to be done in order to have it taxed as a C Corp.Any help would be greatly appreciated.Thank you,Doug
Michael Plaks
No, it is NOT too late to establish and fund your 2020 401(k)
I had three clients by now who were told by three different IRA/401k custodians that it's too late to set up a 401(k) for 2020. They were WRONG! You still have time, most likely.
Yes, it had been a well-known rule th...
Nathan Letourneau
LLC filing S-Corp election for taxes
I've operated my business as a straight single member LLC for the last 10+ years. This year (2016) my income was much higher and I figured it might be useful to looking into the S-corp designation with the IRS. Wha...
Ned Carey
Do I have to file return with no transactions
In another thread Steven Hamilton II wrote
The penalty for not filling is worse than the penalty for not paying.
This brings up the question do I have to file? I have several companies.
Do I have to file in the fol...
Joseph Almeida
LLC bank account while being recognized as a S-Corp
I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank acc...